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Maqui Berries Market Size and Forecasts 2020-2030, Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Form, Category, Application

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    Report

  • 139 Pages
  • September 2023
  • Region: Global
  • The Insight Partners
  • ID: 5892941
The maqui berries market is expected to grow from US$ 33.76 million in 2022 to US$ 83.70 million by 2030; it is expected to record a CAGR of 12.0% from 2022 to 2030.

Rising demand for maqui berries in the pharmaceuticals & nutraceuticals, and food & beverages industries is one of the major factors driving the growth of maqui berries. Anklam Extrakt GmbH, a Germany-based manufacturer of natural extracts and powder, has developed MaquiBright, which is a standardized extract of maqui berries used to support eye health and dry eye problems by naturally restoring the production of tears and reducing oxidative stress in the eyes. The company has also manufactured JustMaqui, a standardized maqui berry juice with high anthocyanin concentration, which can be used as a functional ingredient in milkshakes, smoothies, yogurts, glazing sauces, and cereal bars. The presence of key players of maqui berry powders and extracts operating actively across the globe is expected to open significant growth opportunities in the foreseeable future.

Based on form, the maqui berries market is segmented into fresh and processed. The processed segment is projected to register the largest share during the forecast period. Maqui berries are processed into different forms, such as frozen, dried, and powdered, to increase their shelf-life. Fresh maqui berries are available majorly in South American countries such as Chile and Argentina. However, fresh maqui berries are highly perishable and are exposed to damage during transportation, resulting in wastage and high transportation costs. Therefore, end use industries of maqui berries usually prefer processed berries to reduce wastage and huge transportation costs. These factors significantly drive the market growth for the processed segment. All these factors positively influence the maqui berries market growth for the processed segment.

By geography, the maqui berries market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. In 2022, North America held the largest market share during the forecast period. However, Europe is a fastest growth region. Maqui berries are witnessing high demand across the personal care sector in Europe due to their high antioxidant content that reduces skin damage, brightens skin tone, and provides antiaging effects. Skin care and personal care product manufacturers are using maqui berries in their products to meet the rising demand for the maqui berry-infused products. For instance, Coos Cosmetics, the Netherlands-based company, offers an antioxidant cream containing the extract of fermented maqui berries. The company claims that the cream provides anti-inflammatory, antiaging, and skin regeneration effects that improve the overall texture, firmness, and quality of the skin. Thus, the rising use of maqui berries or their extracts in personal care products is expected to provide strong potential to the maqui berries market in Europe during the forecast period. The maqui berries market in Europe is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Europe is one of the major importers of berries and fresh fruits. The demand for maqui berries is increasing rapidly across the European Union (EU) countries owing to growing awareness regarding their health benefits. Functional food and beverages with maqui berry extract are becoming popular in Europe due to their unique flavor, vibrant color, and rich nutritional profile. Increasing preference for organic, vegan, clean, GMO-free, and all-natural food and beverages in the region as consumers perceive these products to be healthier than conventional ones is driving the demand for organic maqui berries.

The leading players in the maqui berries market are HP Ingredients Corp, Shaanxi LonierHerb Bio-Technology Co Ltd, Rainforest Supply LLC, CK Ingredients Inc, Jeeva Organic Pvt Ltd, Ferreiro & Co Inc, Abbott Blackstone Co, Vita Forte Inc, Nature's Power Nutraceuticals Corp, and Xi'an Herb Bio-Tech Co Ltd. These players are developing various products to address consumers' growing demand.



The size of the maqui berries market has been derived using primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants-including valuation experts, research analysts, and key opinion leaders-specializing in the maqui berries market.

Reasons to Buy
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global maqui berries market, thereby allowing players to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

Table of Contents

1. Introduction
1.1 Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Limitations and Assumptions
4. Maqui Berries Market Landscape
4.1 Overview
4.3 Porter's Five Forces Analysis
4.4 Ecosystem Analysis
4.4.1 List of Vendors in the Value Chain
5. Maqui Berries Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Use of Maqui Berries in Functional Food and Beverages
5.1.2 Utilization of Maqui Berries in Supplements for Diabetes
5.2 Market Restraints
5.2.1 Limited Supply of Maqui Berries
5.3 Market Opportunities
5.3.1 Development of Medicines with Maqui Berry Extracts that Support Eye Health
5.4 Future Trends
5.4.1 Rising Popularity of Skin Care Products with Maqui Berry
5.5 Impact of Drivers and Restraints:
6. Maqui Berries Market - Global Market Analysis
6.1 Maqui Berries Market Revenue (US$ Thousand), 2022 - 2030
6.2 Maqui Berries Market Forecast and Analysis
7. Global Maqui Berries Market Analysis - Form
7.1 Fresh
7.1.1 Overview
7.1.2 Fresh Market Revenue and Forecast to 2030 (US$ Thousand)
7.2 Processed
7.2.1 Overview
7.2.2 Processed Market Revenue and Forecast to 2030 (US$ Thousand)
8. Global Maqui Berries Market Analysis - Category
8.1 Organic
8.1.1 Overview
8.1.2 Organic Market Revenue, and Forecast to 2030 (US$ Thousand)
8.2 Conventional
8.2.1 Overview
8.2.2 Conventional Market Revenue, and Forecast to 2030 (US$ Thousand)
9. Global Maqui Berries Market Analysis - Application
9.1 Functional Food and Beverages
9.1.1 Overview
9.1.2 Functional Food and Beverages Market Revenue, and Forecast to 2030 (US$ Thousand)
9.2 Pharmaceuticals and Nutraceuticals
9.2.1 Overview
9.2.2 Pharmaceuticals and Nutraceuticals Market Revenue, and Forecast to 2030 (US$ Thousand)
9.3 Personal Care and Cosmetics
9.3.1 Overview
9.3.2 Personal Care and Cosmetics Market Revenue, and Forecast to 2030 (US$ Thousand)
9.4 Animal Nutrition
9.4.1 Overview
9.4.2 Animal Nutrition Market Revenue, and Forecast to 2030 (US$ Thousand)
10. Maqui Berries Market - Geographical Analysis
10.1 North America
10.1.1 North America Maqui Berries Market Overview
10.1.2 North America Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
10.1.3 North America Maqui Berries Market Breakdown by Form
10.1.3.1 North America Maqui Berries Market Revenue and Forecasts and Analysis - By Form
10.1.4 North America Maqui Berries Market Breakdown by Category
10.1.4.1 North America Maqui Berries Market Revenue and Forecasts and Analysis - By Category
10.1.5 North America Maqui Berries Market Breakdown by Application
10.1.5.1 North America Maqui Berries Market Revenue and Forecasts and Analysis - By Application
10.1.6 North America Maqui Berries Market Revenue and Forecasts and Analysis - By Countries
10.1.6.1 North America Maqui Berries Market Breakdown by Country
10.1.6.2 US Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
10.1.6.2.1 US Maqui Berries Market Breakdown by Form
10.1.6.2.2 US Maqui Berries Market Breakdown by Category
10.1.6.2.3 US Maqui Berries Market Breakdown by Application
10.1.6.3 Canada Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
10.1.6.3.1 Canada Maqui Berries Market Breakdown by Form
10.1.6.3.2 Canada Maqui Berries Market Breakdown by Category
10.1.6.3.3 Canada Maqui Berries Market Breakdown by Application
10.1.6.4 Mexico Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
10.1.6.4.1 Mexico Maqui Berries Market Breakdown by Form
10.1.6.4.2 Mexico Maqui Berries Market Breakdown by Category
10.1.6.4.3 Mexico Maqui Berries Market Breakdown by Application
10.2 Europe
10.2.1 Europe Maqui Berries Market Overview
10.2.2 Europe Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
10.2.3 Europe Maqui Berries Market Breakdown by Form
10.2.3.1 Europe Maqui Berries Market Revenue and Forecasts and Analysis - By Form
10.2.4 Europe Maqui Berries Market Breakdown by Category
10.2.4.1 Europe Maqui Berries Market Revenue and Forecasts and Analysis - By Category
10.2.5 Europe Maqui Berries Market Breakdown by Application
10.2.5.1 Europe Maqui Berries Market Revenue and Forecasts and Analysis - By Application
10.2.6 Europe Maqui Berries Market Revenue and Forecasts and Analysis - By Countries
10.2.6.1 Europe Maqui Berries Market Breakdown by Country
10.2.6.2 Germany Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
10.2.6.2.1 Germany Maqui Berries Market Breakdown by Form
10.2.6.2.2 Germany Maqui Berries Market Breakdown by Category
10.2.6.2.3 Germany Maqui Berries Market Breakdown by Application
10.2.6.3 France Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
10.2.6.3.1 France Maqui Berries Market Breakdown by Form
10.2.6.3.2 France Maqui Berries Market Breakdown by Category
10.2.6.3.3 France Maqui Berries Market Breakdown by Application
10.2.6.4 Italy Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
10.2.6.4.1 Italy Maqui Berries Market Breakdown by Form
10.2.6.4.2 Italy Maqui Berries Market Breakdown by Category
10.2.6.4.3 Italy Maqui Berries Market Breakdown by Application
10.2.6.5 UK Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
10.2.6.5.1 UK Maqui Berries Market Breakdown by Form
10.2.6.5.2 UK Maqui Berries Market Breakdown by Category
10.2.6.5.3 UK Maqui Berries Market Breakdown by Application
10.2.6.6 Russia Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
10.2.6.6.1 Russia Maqui Berries Market Breakdown by Form
10.2.6.6.2 Russia Maqui Berries Market Breakdown by Category
10.2.6.6.3 Russia Maqui Berries Market Breakdown by Application
10.2.6.7 Rest of Europe Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
10.2.6.7.1 Rest of Europe Maqui Berries Market Breakdown by Form
10.2.6.7.2 Rest of Europe Maqui Berries Market Breakdown by Category
10.2.6.7.3 Rest of Europe Maqui Berries Market Breakdown by Application
10.3 Asia Pacific Maqui Berries Market
10.3.1 Overview
10.3.2 Asia Pacific Maqui Berries Market Revenue and Forecasts To 2030 (US$ Thousand)
10.3.3 Asia Pacific Maqui Berries Market Breakdown by Form
10.3.3.1 Asia Pacific Maqui Berries Market Revenue and Forecasts and Analysis - By Form
10.3.4 Asia Pacific Maqui Berries Market Breakdown by Category
10.3.4.1 Asia Pacific Maqui Berries Market Revenue and Forecasts and Analysis - By Category
10.3.5 Asia Pacific Maqui Berries Market Breakdown by Application
10.3.5.1 Asia Pacific Maqui Berries Market Revenue and Forecasts and Analysis - By Application
10.3.6 Asia Pacific Maqui Berries Market Breakdown by Country
10.3.6.1 Asia Pacific Maqui Berries Market Breakdown by Country
10.3.6.2 China Maqui Berries Market Revenue and Forecasts To 2030 (US$ Thousand)
10.3.6.2.1 China Maqui Berries Market Breakdown by Form
10.3.6.2.2 China Maqui Berries Market Breakdown by Category
10.3.6.2.3 China Maqui Berries Market Breakdown by Application
10.3.6.3 Japan Maqui Berries Market Revenue and Forecasts To 2030 (US$ Thousand)
10.3.6.3.1 Japan Maqui Berries Market Breakdown by Form
10.3.6.3.2 Japan Maqui Berries Market Breakdown by Category
10.3.6.3.3 Japan Maqui Berries Market Breakdown by Application
10.3.6.4 India Maqui Berries Market Revenue and Forecasts To 2030 (US$ Thousand)
10.3.6.4.1 India Maqui Berries Market Breakdown by Form
10.3.6.4.2 India Maqui Berries Market Breakdown by Category
10.3.6.4.3 India Maqui Berries Market Breakdown by Application
10.3.6.5 Australia Maqui Berries Market Revenue and Forecasts To 2030 (US$ Thousand)
10.3.6.5.1 Australia Maqui Berries Market Breakdown by Form
10.3.6.5.2 Australia Maqui Berries Market Breakdown by Category
10.3.6.5.3 Australia Maqui Berries Market Breakdown by Application
10.3.6.6 South Korea Maqui Berries Market Revenue and Forecasts To 2030 (US$ Thousand)
10.3.6.6.1 South Korea Maqui Berries Market Breakdown by Form
10.3.6.6.2 South Korea Maqui Berries Market Breakdown by Category
10.3.6.6.3 South Korea Maqui Berries Market Breakdown by Application
10.3.6.7 Rest of Asia Pacific Maqui Berries Market Revenue and Forecasts To 2030 (US$ Thousand)
10.3.6.7.1 Rest of Asia Pacific Maqui Berries Market Breakdown by Form
10.3.6.7.2 Rest of Asia Pacific Maqui Berries Market Breakdown by Category
10.3.6.7.3 Rest of Asia Pacific Maqui Berries Market Breakdown by Application
10.4 South & Central America
10.4.1 South & Central America Maqui Berries Market Overview
10.4.2 South & Central America Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
10.4.3 South & Central America Maqui Berries Market Breakdown by Form
10.4.3.1 South & Central America Maqui Berries Market and Forecasts and Analysis - By Form
10.4.4 South & Central America Maqui Berries Market Breakdown by Category
10.4.4.1 South & Central America Maqui Berries Market Revenue and Forecasts and Analysis - By Category
10.4.5 South & Central America Maqui Berries Market Breakdown by Application
10.4.5.1 South & Central America Maqui Berries Market Revenue and Forecasts and Analysis - By Application
10.4.6 South & Central America Maqui Berries Market Revenue and Forecasts and Analysis - By Countries
10.4.6.1 South & Central Maqui Berries Market Breakdown by Country
10.4.6.2 Brazil Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
10.4.6.2.1 Brazil Maqui Berries Market Breakdown by Form
10.4.6.2.2 Brazil Maqui Berries Market Breakdown by Category
10.4.6.2.3 Brazil Maqui Berries Market Breakdown by Application
10.4.6.3 Chile Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
10.4.6.3.1 Chile Maqui Berries Market Breakdown by Form
10.4.6.3.2 Chile Maqui Berries Market Breakdown by Category
10.4.6.3.3 Chile Maqui Berries Market Breakdown by Application
10.4.6.4 Rest of South & Central America Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
10.4.6.4.1 Rest of South & Central America Maqui Berries Market Breakdown by Form
10.4.6.4.2 Rest of South & Central America Maqui Berries Market Breakdown by Category
10.4.6.4.3 Rest of South & Central America Maqui Berries Market Breakdown by Application
10.5 Middle East & Africa
10.5.1 Middle East & Africa Maqui Berries Market Overview
10.5.2 Middle East & Africa Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
10.5.3 Middle East & Africa Maqui Berries Market Breakdown by Form
10.5.3.1 Middle East & Africa Maqui Berries Market and Forecasts and Analysis - By Form
10.5.4 Middle East & Africa Maqui Berries Market Breakdown by Category
10.5.4.1 Middle East & Africa Maqui Berries Market and Forecasts and Analysis - By Category
10.5.5 Middle East & Africa Maqui Berries Market Breakdown by Application
10.5.5.1 Middle East & Africa Maqui Berries Market and Forecasts and Analysis - By Application
10.5.6 Middle East & Africa Maqui Berries Market Revenue and Forecasts and Analysis - By Countries
10.5.6.1 Middle East & Africa Maqui Berries Market Breakdown by Country
10.5.6.2 South Africa Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
10.5.6.2.1 South Africa Maqui Berries Market Breakdown by Form
10.5.6.2.2 South Africa Maqui Berries Market Breakdown by Category
10.5.6.2.3 South Africa Maqui Berries Market Breakdown by Application
10.5.6.3 Saudi Arabia Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
10.5.6.3.1 Saudi Arabia Maqui Berries Market Breakdown by Form
10.5.6.3.2 Saudi Arabia Maqui Berries Market Breakdown by Category
10.5.6.3.3 Saudi Arabia Maqui Berries Market Breakdown by Application
10.5.6.4 UAE Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
10.5.6.4.1 UAE Maqui Berries Market Breakdown by Form
10.5.6.4.2 UAE Maqui Berries Market Breakdown by Category
10.5.6.4.3 UAE Maqui Berries Market Breakdown by Application
10.5.6.5 Rest of Middle East & Africa Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
10.5.6.5.1 Rest of Middle East & Africa Maqui Berries Market Breakdown by Form
10.5.6.5.2 Rest of Middle East & Africa Maqui Berries Market Breakdown by Category
10.5.6.5.3 Rest of Middle East & Africa Maqui Berries Market Breakdown by Application
11. Maqui Berries Market - Impact of COVID-19 Pandemic
11.1 Pre & Post Covid-19 Impact
12. Competitive Landscape
12.1 Heat Map Analysis- By Key Players
12.2 Company Positioning & Concentration
13. Company Profiles
13.1 HP Ingredients Corp
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Shaanxi LonierHerb Bio-Technology Co Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Rainforest Supply LLC
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 CK Ingredients Inc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Jeeva Organic Pvt Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Ferreiro & Co Inc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Abbott Blackstone Co
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Vita Forte Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Nature's Power Nutraceuticals Corp
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Xi'an Herb Bio-Tech Co Ltd
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • HP Ingredients Corp.
  • Shaanxi LonierHerb Bio-Technology Co Ltd.
  • Rainforest Supply LLC
  • CK Ingredients Inc
  • Jeeva Organic Pvt Ltd
  • Ferreiro & Co Inc
  • Abbott Blackstone Co
  • Vita Forte Inc
  • Nature's Power Nutraceuticals Corp
  • Xi'an Herb Bio-Tech Co Ltd.

Table Information